RoboMarkets to Cease Providing Cryptocurrency Trading in March

Multi-asset broker RoboMarkets today announced that it has decided to stop providing CFDs on cryptocurrencies for trading in March 2021.

According to the offcial announcement, the decision follows the European and UK financial regulators' official position on operations with cryptocurrency.

The high-risk nature of such financial products and the absence of regulation in this field make them extremely difficult to operate and support. By this action, the company strive to protect further clients' accounts and funds from unexpected losses beyond their deposit capacity.

On March 24th, 2021, all opened positions in BTCUSD, BTCEUR, XRPUSD, DSHUSD, LTCUSD, LTCBTC, ETHUSD, ETHBTC, ETHEUR, EOSUSD in MetaTrader 4, MetaTrader 5, and R Trader platforms will be closed at the current market prices.

About RoboMarkets

Established in 2012, RoboMarkets received a license of a European broker in 2013. RoboMarkets is regulated by the CySEC.

The Company has grown rapidly in the past years and now provides professional services for institutional and retail clients from Europe. RoboMarkets is a multi-asset broker offering 8 asset types and more than 12,000 instruments for trading.